
IoT-enabled elevators utilize artificial intelligence for enabling transportation of passengers and commodities vertically.
Market Analysis and Insights: Global IoT in Elevators Market
The global IoT in Elevators market is projected to grow from US$ 16850 million in 2024 to US$ 28890 million by 2030, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
Report Covers:
This report presents an overview of global market for IoT in Elevators market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of IoT in Elevators, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for IoT in Elevators, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the IoT in Elevators revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global IoT in Elevators market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for IoT in Elevators revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
ThyssenKrupp AG
KONE Corporation
Otis Elevator Company
Schindler Group
Mitsubishi Electric Corporation
Toshiba Elevator
Segment by Type
Hardware
Software
Services
Segment by Application
Residential
Commercial
Industrial
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of IoT in Elevators in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IoT in Elevators companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, IoT in Elevators revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global IoT in Elevators Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Hardware
1.2.3 Software
1.2.4 Services
1.3 Market by Application
1.3.1 Global IoT in Elevators Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global IoT in Elevators Market Perspective (2019-2030)
2.2 Global IoT in Elevators Growth Trends by Region
2.2.1 IoT in Elevators Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 IoT in Elevators Historic Market Size by Region (2019-2024)
2.2.3 IoT in Elevators Forecasted Market Size by Region (2025-2030)
2.3 IoT in Elevators Market Dynamics
2.3.1 IoT in Elevators Industry Trends
2.3.2 IoT in Elevators Market Drivers
2.3.3 IoT in Elevators Market Challenges
2.3.4 IoT in Elevators Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue IoT in Elevators by Players
3.1.1 Global IoT in Elevators Revenue by Players (2019-2024)
3.1.2 Global IoT in Elevators Revenue Market Share by Players (2019-2024)
3.2 Global IoT in Elevators Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of IoT in Elevators, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global IoT in Elevators Market Concentration Ratio
3.4.1 Global IoT in Elevators Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by IoT in Elevators Revenue in 2023
3.5 Global Key Players of IoT in Elevators Head office and Area Served
3.6 Global Key Players of IoT in Elevators, Product and Application
3.7 Global Key Players of IoT in Elevators, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 IoT in Elevators Breakdown Data by Type
4.1 Global IoT in Elevators Historic Market Size by Type (2019-2024)
4.2 Global IoT in Elevators Forecasted Market Size by Type (2025-2030)
5 IoT in Elevators Breakdown Data by Application
5.1 Global IoT in Elevators Historic Market Size by Application (2019-2024)
5.2 Global IoT in Elevators Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America IoT in Elevators Market Size (2019-2030)
6.2 North America IoT in Elevators Market Size by Type
6.2.1 North America IoT in Elevators Market Size by Type (2019-2024)
6.2.2 North America IoT in Elevators Market Size by Type (2025-2030)
6.2.3 North America IoT in Elevators Market Share by Type (2019-2030)
6.3 North America IoT in Elevators Market Size by Application
6.3.1 North America IoT in Elevators Market Size by Application (2019-2024)
6.3.2 North America IoT in Elevators Market Size by Application (2025-2030)
6.3.3 North America IoT in Elevators Market Share by Application (2019-2030)
6.4 North America IoT in Elevators Market Size by Country
6.4.1 North America IoT in Elevators Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America IoT in Elevators Market Size by Country (2019-2024)
6.4.3 North America IoT in Elevators Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe IoT in Elevators Market Size (2019-2030)
7.2 Europe IoT in Elevators Market Size by Type
7.2.1 Europe IoT in Elevators Market Size by Type (2019-2024)
7.2.2 Europe IoT in Elevators Market Size by Type (2025-2030)
7.2.3 Europe IoT in Elevators Market Share by Type (2019-2030)
7.3 Europe IoT in Elevators Market Size by Application
7.3.1 Europe IoT in Elevators Market Size by Application (2019-2024)
7.3.2 Europe IoT in Elevators Market Size by Application (2025-2030)
7.3.3 Europe IoT in Elevators Market Share by Application (2019-2030)
7.4 Europe IoT in Elevators Market Size by Country
7.4.1 Europe IoT in Elevators Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe IoT in Elevators Market Size by Country (2019-2024)
7.4.3 Europe IoT in Elevators Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China IoT in Elevators Market Size (2019-2030)
8.2 China IoT in Elevators Market Size by Type
8.2.1 China IoT in Elevators Market Size by Type (2019-2024)
8.2.2 China IoT in Elevators Market Size by Type (2025-2030)
8.2.3 China IoT in Elevators Market Share by Type (2019-2030)
8.3 China IoT in Elevators Market Size by Application
8.3.1 China IoT in Elevators Market Size by Application (2019-2024)
8.3.2 China IoT in Elevators Market Size by Application (2025-2030)
8.3.3 China IoT in Elevators Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia IoT in Elevators Market Size (2019-2030)
9.2 Asia IoT in Elevators Market Size by Type
9.2.1 Asia IoT in Elevators Market Size by Type (2019-2024)
9.2.2 Asia IoT in Elevators Market Size by Type (2025-2030)
9.2.3 Asia IoT in Elevators Market Share by Type (2019-2030)
9.3 Asia IoT in Elevators Market Size by Application
9.3.1 Asia IoT in Elevators Market Size by Application (2019-2024)
9.3.2 Asia IoT in Elevators Market Size by Application (2025-2030)
9.3.3 Asia IoT in Elevators Market Share by Application (2019-2030)
9.4 Asia IoT in Elevators Market Size by Region
9.4.1 Asia IoT in Elevators Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia IoT in Elevators Market Size by Region (2019-2024)
9.4.3 Asia IoT in Elevators Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America IoT in Elevators Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America IoT in Elevators Market Size by Type
10.2.1 Middle East, Africa, and Latin America IoT in Elevators Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America IoT in Elevators Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America IoT in Elevators Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America IoT in Elevators Market Size by Application
10.3.1 Middle East, Africa, and Latin America IoT in Elevators Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America IoT in Elevators Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America IoT in Elevators Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America IoT in Elevators Market Size by Country
10.4.1 Middle East, Africa, and Latin America IoT in Elevators Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America IoT in Elevators Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America IoT in Elevators Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 ThyssenKrupp AG
11.1.1 ThyssenKrupp AG Company Details
11.1.2 ThyssenKrupp AG Business Overview
11.1.3 ThyssenKrupp AG IoT in Elevators Introduction
11.1.4 ThyssenKrupp AG Revenue in IoT in Elevators Business (2019-2024)
11.1.5 ThyssenKrupp AG Recent Developments
11.2 KONE Corporation
11.2.1 KONE Corporation Company Details
11.2.2 KONE Corporation Business Overview
11.2.3 KONE Corporation IoT in Elevators Introduction
11.2.4 KONE Corporation Revenue in IoT in Elevators Business (2019-2024)
11.2.5 KONE Corporation Recent Developments
11.3 Otis Elevator Company
11.3.1 Otis Elevator Company Company Details
11.3.2 Otis Elevator Company Business Overview
11.3.3 Otis Elevator Company IoT in Elevators Introduction
11.3.4 Otis Elevator Company Revenue in IoT in Elevators Business (2019-2024)
11.3.5 Otis Elevator Company Recent Developments
11.4 Schindler Group
11.4.1 Schindler Group Company Details
11.4.2 Schindler Group Business Overview
11.4.3 Schindler Group IoT in Elevators Introduction
11.4.4 Schindler Group Revenue in IoT in Elevators Business (2019-2024)
11.4.5 Schindler Group Recent Developments
11.5 Mitsubishi Electric Corporation
11.5.1 Mitsubishi Electric Corporation Company Details
11.5.2 Mitsubishi Electric Corporation Business Overview
11.5.3 Mitsubishi Electric Corporation IoT in Elevators Introduction
11.5.4 Mitsubishi Electric Corporation Revenue in IoT in Elevators Business (2019-2024)
11.5.5 Mitsubishi Electric Corporation Recent Developments
11.6 Toshiba Elevator
11.6.1 Toshiba Elevator Company Details
11.6.2 Toshiba Elevator Business Overview
11.6.3 Toshiba Elevator IoT in Elevators Introduction
11.6.4 Toshiba Elevator Revenue in IoT in Elevators Business (2019-2024)
11.6.5 Toshiba Elevator Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
ThyssenKrupp AG
KONE Corporation
Otis Elevator Company
Schindler Group
Mitsubishi Electric Corporation
Toshiba Elevator
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*If Applicable.
